Can I retire at age 45 with 9,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$801,017$793,882$786,921$780,126$773,492$749,332
2 years$396,543$389,158$382,000$375,061$368,329$344,204
3 years$261,736$254,319$247,180$240,305$233,683$210,349
4 years$194,346$186,951$179,883$173,126$166,665$144,300
5 years$153,922$146,572$139,597$132,978$126,696$105,362
6 years$126,982$119,687$112,815$106,343$100,250$79,964
7 years$107,746$100,513$93,750$87,431$81,530$62,291
8 years$93,326$86,158$79,507$73,343$67,637$49,433
9 years$82,117$75,016$68,480$62,472$56,960$39,770
10 years$73,154$66,123$59,702$53,852$48,533$32,331
11 years$65,826$58,866$52,561$46,867$41,740$26,498
12 years$59,723$52,835$46,646$41,109$36,171$21,856
13 years$54,564$47,747$41,675$36,293$31,542$18,120
14 years$50,145$43,401$37,446$32,217$27,649$15,086
15 years$46,319$39,647$33,808$28,732$24,345$12,601
16 years$42,975$36,376$30,652$25,726$21,516$10,556
17 years$40,027$33,501$27,892$23,115$19,078$8,862
18 years$37,409$30,956$25,462$20,831$16,963$7,455
19 years$35,070$28,690$23,309$18,823$15,119$6,280
20 years$32,967$26,660$21,392$17,047$13,505$5,298
21 years$31,067$24,833$19,677$15,472$12,085$4,475
22 years$29,342$23,180$18,135$14,067$10,833$3,782
23 years$27,770$21,680$16,744$12,811$9,724$3,200
24 years$26,330$20,313$15,486$11,685$8,740$2,709
25 years$25,008$19,063$14,343$10,671$7,865$2,294
26 years$23,790$17,916$13,302$9,757$7,084$1,944
27 years$22,663$16,861$12,352$8,931$6,387$1,648
28 years$21,619$15,888$11,483$8,183$5,763$1,398
29 years$20,649$14,988$10,686$7,504$5,204$1,186
30 years$19,745$14,155$9,954$6,887$4,702$1,006
31 years$18,901$13,381$9,280$6,325$4,251$854
32 years$18,111$12,661$8,658$5,813$3,846$725
33 years$17,371$11,990$8,084$5,345$3,480$615
34 years$16,676$11,364$7,553$4,918$3,151$522
35 years$16,022$10,779$7,062$4,527$2,854$444
36 years$15,406$10,231$6,606$4,170$2,586$377
37 years$14,824$9,717$6,183$3,842$2,344$320
38 years$14,275$9,234$5,790$3,541$2,125$272
39 years$13,754$8,781$5,425$3,265$1,927$231
40 years$13,261$8,354$5,085$3,011$1,748$196
41 years$12,794$7,953$4,768$2,778$1,586$166
42 years$12,350$7,574$4,472$2,564$1,439$141
43 years$11,927$7,216$4,197$2,367$1,306$120
44 years$11,525$6,879$3,939$2,186$1,185$102
45 years$11,142$6,559$3,699$2,018$1,076$87
46 years$10,776$6,257$3,474$1,864$977$74
47 years$10,428$5,971$3,264$1,723$887$63
48 years$10,094$5,701$3,067$1,592$806$53
49 years$9,776$5,444$2,883$1,471$732$45
50 years$9,471$5,200$2,710$1,360$665$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $9,700,000, adding $2,528 every year, while hoping to spend $44,824 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 81/8/11 Blend
44$9,700,000$9,700,000$9,700,000$9,700,000
45$10,692,008$10,177,908$10,027,558$11,537,777
46$11,734,900$10,628,933$10,315,788$12,543,840
47$12,882,665$11,100,556$10,612,173$13,641,767
48$14,145,953$11,593,739$10,916,936$14,845,577
49$15,536,497$12,109,489$11,230,311$16,165,857
50$17,067,228$12,648,862$11,552,535$17,614,263
51$18,752,393$13,212,964$11,883,852$19,203,634
52$20,607,691$13,802,953$12,224,515$20,948,108
53$22,650,419$14,420,042$12,574,780$22,863,257
54$24,899,639$15,065,501$12,934,912$24,966,233
55$27,376,354$15,740,662$13,305,183$27,275,926
56$30,103,708$16,446,921$13,685,873$29,813,143
57$33,107,203$17,185,737$14,077,267$32,600,805
58$36,414,942$17,958,642$14,479,660$35,664,158
59$40,057,891$18,767,240$14,893,353$39,031,012
60$44,070,172$19,613,211$15,318,656$42,732,002
61$48,489,386$20,498,316$15,755,888$46,800,875
62$53,356,969$21,424,398$16,205,375$51,274,809
63$58,718,577$22,393,391$16,667,453$56,194,759
64$64,624,524$23,407,319$17,142,464$61,605,845
65$71,130,251$24,468,304$17,630,763$67,557,775
66$78,296,855$25,578,569$18,132,712$74,105,311
67$86,191,660$26,740,444$18,648,683$81,308,786
68$94,888,852$27,956,369$19,179,057$89,234,670
69$104,470,186$29,228,902$19,724,227$97,956,198
70$115,025,751$30,560,724$20,284,594$107,554,054
71$126,654,820$31,954,642$20,860,571$118,117,137
72$139,466,793$33,413,601$21,452,581$129,743,392
73$153,582,222$34,940,683$22,061,058$142,540,738
74$169,133,954$36,539,122$22,686,449$156,628,076
75$186,268,382$38,212,304$23,329,210$172,136,418
76$205,146,829$39,963,779$23,989,811$189,210,115
77$225,947,069$41,797,267$24,668,732$208,008,218
78$248,865,004$43,716,667$25,366,469$228,705,978
79$274,116,515$45,726,064$26,083,526$251,496,495
80$301,939,499$47,829,742$26,820,424$276,592,540
81$332,596,116$50,032,187$27,577,696$304,228,558
82$366,375,260$52,338,104$28,355,889$334,662,879
83$403,595,287$54,752,422$29,155,562$368,180,155
84$444,607,025$57,280,309$29,977,292$405,094,038
85$489,797,078$59,927,181$30,821,668$445,750,142
86$539,591,481$62,698,714$31,689,295$490,529,299
87$594,459,719$65,600,857$32,580,793$539,851,152
88$654,919,159$68,639,848$33,496,798$594,178,109
89$721,539,935$71,822,222$34,437,963$654,019,706
90$794,950,329$75,154,832$35,404,955$719,937,412
91$875,842,703$78,644,860$36,398,462$792,549,923
92$964,980,034$82,299,833$37,419,186$872,539,001
93$1,063,203,116$86,127,643$38,467,847$960,655,900
94$1,171,438,499$90,136,562$39,545,184$1,057,728,455
95$1,290,707,233$94,335,261$40,651,956$1,164,668,891
96$1,422,134,511$98,732,830$41,788,937$1,282,482,430
97$1,566,960,289$103,338,796$42,956,924$1,412,276,770
98$1,726,550,990$108,163,149$44,156,732$1,555,272,541
99$1,902,412,407$113,216,358$45,389,198$1,712,814,816
100$2,096,203,914$118,509,401$46,655,178$1,886,385,808